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Tat Hong gets 50 cents a share offer from group CEO Roland Ng to privatise company

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Tat Hong gets 50 cents a share offer from group CEO Roland Ng to privatise company

PC Lee Published on Fri, Jan 12, 2018 / 10:42 AM GMT+8

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SINGAPORE (Jan 12): Roland Ng, the managing director of Tat Hong, the largest crawler crane rental company in the world, has made offer to delist and privatise the company.

Ng, together with Standard Chartered Private Equity (Singapore), has made a $0.50 per share preconditional cash offer for all the shares of the group, via takeover vehicle THSC Investments.

The offer values Tat Hong at $377 million.